Apartment Building

Phelps, KY Apartment Buildings for Sale

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12-Unit Apartment Building
Updated: Nov 3
12-Unit Apartment Building

39,49,59 Falcon Motel Street, Phelps, KY 41553

$419,000
4,866 sqft 1.00 AC lot
12 apartments: seven two‑bedroom units and five one‑bedroom units
4,866 square feet on 1 acre
Built in 1945
At the intersection of State Highways 6332 and 194
Gas stations, convenience stores, and restaurants within walking distance
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1 active listing matches your search: Apartment Building for sale in Phelps, KY. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 4 properties in nearby cities.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Property with Garage
Mixed-Use Property with Garage

110 Redwood Drive, Raven, VA 24639

$275,000
3,616 sqft

Combined commercial and residential improvements include a service garage, rental units, and public utilities.

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Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

2439 Front Street, Richlands, VA 24641

$79,900
8,980 sqft

Ground-floor storefronts sit below a second level currently configured as five apartments.

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33-Unit Apartment Property
33-Unit Apartment Property

210 Litton Ave, Richlands, VA 24641

$1,900,000

One-, two-, and three-bedroom layouts include washer and dryer connections.

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Multi-Use Garage and Rental Building
Multi-Use Garage and Rental Building

110 Redwood Drive, Raven, VA 24639

$275,000
3,616 sqft

Multi-use property with a 3-bay heated office garage and seven income-producing residential units, all currently rented.

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Phelps, KY Apartment Buildings Market Trends and Statistics

Explore 1 apartment buildings for sale in Phelps, KY on our real estate platform. These investment opportunities span a total of 4,866 square feet of properties for sale, with an estimated market value of $419,000.

Sale prices for apartment complexes in Phelps, KY average $419,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,324
Population Growth (5Y) +7.7%
Median Household Income $44,250
College Educated 32.0%

Taxes & Financing

Tax Rate (average for all types) 1.59%
Property Tax per SF $29.43 per SF
Tax Rate vs County Average 0.61 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Pike County

New Delisted

Total CRE Inventory on Market (SF)

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